Reports Q3 revenue $883M, consensus $896.01M. Cost per available seat mile was 9.66 cents, a decline of 9 percent over the 2022 quarter. Achieved adjusted CASM, a non-GAAP measure, of 6.66 cents, 3 percent lower than the 2022 quarter. Generated 103 available seat miles per gallon, reaffirming Frontier’s position as the most fuel-efficient of all major U.S. carriers and its ongoing commitment to being “America’s Greenest Airline” as measured by ASMs per fuel gallon consumed. “Elevated fuel prices, uneven demand recovery, and operational disruptions all impacted third quarter results,” commented Barry Biffle, President and CEO. “To strengthen our competitive position, we are focused on simplifying our operations, concentrating growth in underserved markets, delivering the lowest costs and enhancing our loyalty program offering. I’m extremely proud of Team Frontier for their unwavering resolve to deliver Low Fares Done Right.”
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